1338 Stevenson Street
$2,150,000
1338 Stevenson Street, San Francisco, CA 94103
5,907 sqft
Building Size
2,426 sqft
Lot Area
Details:
Description:
1338 Stevenson Street is a six-unit multifamily property ideally located in San Francisco’s dynamic SOMA district. Built in 1906 and totaling approximately 5,907 square feet, the building features a desirable unit mix of three (3) two-bedroom, one-bath units and three (3) two-bedroom, two-bath units—each with thoughtful layouts, wood flooring, modern kitchens, and updated bathrooms. Select units also include in-unit laundry and access to parking.
The property is situated on a 2,426-square-foot lot within NCT-3 zoning and benefits from immediate access to public transit, tech shuttle stops, and major employment hubs. Recent upgrades include a completed soft-story seismic retrofit and a compliant fire alarm system. With separately metered gas and electricity, operational efficiency is enhanced.
This offering presents a compelling value-add opportunity with significant rental upside—current rents are approximately 34% below market. The property boasts a current cap rate of 6.68% with a pro forma cap rate of 9.78%, along with a projected 15.52% cash-on-cash return under stabilized operations.
1338 Stevenson Street offers investors a well-maintained, income-producing asset with both immediate cash flow and long-term upside in one of San Francisco’s most centrally located and transit-connected neighborhoods.
Documents:
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1338_Stevenson_St_OM.pdf
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Location
Gallery
